Press Release: J&T Express Turns to Net Profit in H1 2024 China Market Turns Profitable for First Time
Solidifies its leading position in Southeast Asia with rising market share, while its parcel volume growth in China outpaces the industry. HONG KONG, Aug. 20, 2024 /PRNewswire/ -- J&T Global Express Limited , a global logistics service provider, announced its 2024 interim results for the first half of 2024 . In the first half of the year, J&T's revenue reached US$4.86 billion, representing a year-over-year increase of 20.6%. Revenue of its core business, express delivery services, reached US$4.74 billion, marking a YoY increase of 33.7%. Gross profit showed a YoY increase of 176.8% to US$540 million.During the Period, J&T's market share continued to rise, with a 37% YoY growth in parcel volume outpacing its peers. J&T's market share, in terms of parcel volume in China, reached 11%, up 1.1 percentage points YoY. This was primarily driven by J&T seizing the growth opportunities brought by the rapid growth of social e-commerce and enhancing cus
Press Release: J&T Express Turns to Net Profit in H1 2024 China Market Turns Profitable for First Time
Solidifies its leading position in Southeast Asia with rising market share, while its parcel volume growth in China outpaces the industry. HONG KONG, Aug. 20, 2024 /PRNewswire/ -- J&T Global Express Limited , a global logistics service provider, announced its 2024 interim results for the first half of 2024 . In the first half of the year, J&T's revenue reached US$4.86 billion, representing a year-over-year increase of 20.6%. Revenue of its core business, express delivery services, reached US$4.74 billion, marking a YoY increase of 33.7%. Gross profit showed a YoY increase of 176.8% to US$540 million.During the Period, J&T's market share continued to rise, with a 37% YoY growth in parcel volume outpacing its peers. J&T's market share, in terms of parcel volume in China, reached 11%, up 1.1 percentage points YoY. This was primarily driven by J&T seizing the growth opportunities brought by the rapid growth of social e-commerce and enhancing cus
Press Release: J&T Express Turns to Net Profit in H1 2024 China Market Turns Profitable for First Time
Solidifies its leading position in Southeast Asia with rising market share, while its parcel volume growth in China outpaces the industry. HONG KONG, Aug. 20, 2024 /PRNewswire/ -- J&T Global Express Limited , a global logistics service provider, announced its 2024 interim results for the first half of 2024 . In the first half of the year, J&T's revenue reached US$4.86 billion, representing a year-over-year increase of 20.6%. Revenue of its core business, express delivery services, reached US$4.74 billion, marking a YoY increase of 33.7%. Gross profit showed a YoY increase of 176.8% to US$540 million.During the Period, J&T's market share continued to rise, with a 37% YoY growth in parcel volume outpacing its peers. J&T's market share, in terms of parcel volume in China, reached 11%, up 1.1 percentage points YoY. This was primarily driven by J&T seizing the growth opportunities brought by the rapid growth of social e-commerce and enhancing cus